Cairn Energy has completed a farm to Dyas UK, comprising a 10% interest in the Premier Oil-operated Catcher development and adjacent acreage in the UK North Sea. In return for the 10% stake, Dyas will carry Cairn’s exploration and development costs up to a cap of US$182 million…
The first construction work on what will become the UK's first offshore tidal power array started in Scotland today (21 January). Contractors started work on a 340m access road for the MeyGen tidal stream project, says Atlantis Resources…
Norway's Ministry of Petroleum and Energy today cranked open the door to Barents Sea exploration by putting some 54 blocks or part blocks in the icy northern region into its 23rd licensing round. The opening of the Barents Sea to exploration…
Brazil’s PetroRio is acquiring 80% interest in the Bijupirá and Salema fields, offshore Brazil from Shell Brasil Petróleo. Image of the Fluminense FPSO. From Modec. The Bijupirá and Salema fields are located in the Campos basin…
After 25 years with the company, Apache President and Chief Executive Officer G. Steven Farris announced his retirement effective today. Farris. From Apache. The 66-year old will continue…
Schlumberger and Eurasia Drilling (EDC) entered into an agreement in which Schlumberger will acquire 45.65% interest in EDC in a US$1.7 billion deal. The agreement extends the successful long-term relationship enjoyed by the two companies within the strategic alliance signed in 2011…
The University of Houston (UH) will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology to improve the sustainable and safe development of energy resources in the Gulf of Mexico…
Noble Energy’s Madison exploration well has been plugged and abandoned in the Gulf of Mexico after no commercial hydrocarbons were found. The well was drilled to a total depth of 16,859ft in the Mississippi Canyon 479 and reached its targeted Upper and Middle Miocene objectives…
DONG Energy provides this time-lapse video of the Herje topsides construction process, which took place from April to October 2014. Hejre is Dong Energy’s first high-pressure, high-temperature (HPHT) development and is expected to begin production in 2017 with an estimated 170 MMboe…
Kværner Verdal is delivering the riser platform jacket for the giant Johan Sverdrup field under a US$261 million contract. The Johan Sverdrup concept. From Statoil. The Johan Sverdrup field is on the Utsira High in the North Sea…
An incident on the BP-operated Central Area Transmission System (CATS) riser platform during a restart in the middle of December means output on the Huntington field, and others, remains restricted. Partners in the E.ON operated Huntington field…
Specialist back-deck equipment provider Maritime Developments has won contracts worth about £7 million and broadened its product portfolio. The company, which supports subsea industry operations worldwide, has secured the first order…
French vessel operator Bourbon has commissioned three new next-generation heavy duty work ROVs (remote operated vehicles) designed by FMC Technologies Schilling Robotics. Capable of operating at depths of up to 3000m, the units will be deployed on multi-purpose support vessels (MPSV)…
Lundin Petroleum has started drilling exploration well 26/10-1 on the Zulu prospect in production license (PL) 674BS, 100km west of Stavanger in the North Sea. Zulu is about 30 km northeast of the Johan Sverdrup discovery. The main objective…
Egypt’s bid to pay off its mountain of debt to international oil companies and improve contract terms could create a rush of activity to make up for lost time. Patrick Werr reports. Former chairman of Egypt’s state-owned gas holding company…
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